I'm not the most qualified to talk about all that is going on in VR. I'm excited about it, but not enough that I know all the games being developed and all the differences between the systems.
I don't think first-person free roam would translate very well in VR. I think most of the PlayStation VR games are more based around your character sitting or standing in a world, and the world moving around them. This tends to work well for things like sitting in a car or space ship, and can be immersive that way.
This is a demo of the PlayStation VR Worlds game, which is sort of 5 mini-games that work as a demo of the types of experiences that are being targeted by PlayStation VR:
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